Administrative Agent Instruction Clause Samples
The Administrative Agent Instruction clause defines the authority and process by which the administrative agent receives and acts upon instructions from the relevant parties in a financial agreement. Typically, this clause outlines who is authorized to give instructions, the form such instructions must take (such as written or electronic), and any limitations or requirements for the agent to follow those directions. Its core practical function is to ensure clear communication and proper execution of actions by the administrative agent, thereby reducing the risk of misunderstandings or unauthorized actions in the administration of the agreement.
Administrative Agent Instruction. By its execution hereof, each of the undersigned Lenders, constituting all of the Lenders party to the Credit Agreement, hereby authorizes and directs the Administrative Agent to execute and deliver this Amendment on the date hereof. THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.
Administrative Agent Instruction. Each Lender party hereto, through its execution of the Amendment, hereby instructs the Administrative Agent to execute and deliver this Amendment.
Administrative Agent Instruction. By its execution hereof, each of the undersigned Lenders, constituting all of the Lenders party to the Credit Agreement, hereby authorizes and directs the Administrative Agent to execute and deliver this Amendment on the date hereof. Each of the undersigned Lenders hereby represents and warrants to the Administrative Agent that the instruction in this paragraph has been duly authorized, executed and delivered by it and acknowledges, agrees and confirms that (i) the rights and immunities of the Administrative Agent and the Collateral Agent and (ii) the exculpatory, expense reimbursement and indemnification provisions in favor of the Administrative Agent and the Collateral Agent set forth in the Credit Agreement apply to the transactions or other matters contemplated (and requests set forth) in this Amendment, or actions taken by the Administrative Agent and the Collateral Agent in connection herewith. THERE ARE NO ORAL AGREEMENTS BETWEEN THE PARTIES.
Administrative Agent Instruction. By its execution hereof, each of the undersigned Lenders hereby authorizes and directs the Administrative Agent to execute and deliver this Amendment on the date hereof.